Quote from: JayB on December 19, 2013, 03:20:54 PM

Quote from: Rampion on December 18, 2013, 02:22:49 PM

Quote from: JayB on December 17, 2013, 05:28:56 AM

Quote from: cAPSLOCK on December 17, 2013, 05:18:05 AM

Quote from: JayB on December 17, 2013, 05:11:53 AM

Dude I don't constantly follow Bitcoin news. Actually I just knew about what happened 10 minutes ago, and saw that the price moved in a way that is very similar to the last move and which I would've predicted.

I won't buy any Bitcoins anytime soon. But you're welcome to donate from the gains you'd be making by actively trading Tongue

My gains are all in USD now. All my other coins will stay in deep deep cold lockup until they are either worthless or my life savings.

Now I have to stay glued to charts drawing triangles and waiting for moves so I can know when to start buying back my coins. If my targets work I will be up 25 coins or so by the end.

I do not like trading much but the technical stuff is too strong ATM.

Well good luck with that.

I believe it'll be worth it as long as Bitcoin is this volatile. Maybe some day active trading will cease becoming attractive but I suggest you take advantage of it while it last.

I believe "Facts" (as opposed to just analysis) as a result of announcements is the way to make money out of it. Facts are facts...and as long as it's clear whether the facts are negative or positive news, it'll be easy to predict the direction of Bitcoins value as a reaction to those news. And since its too volatile ATM, it should be fairly easy to make decent profits, even if your timing was not 100% accurate (Margin of error is wide in such cases)...

You just have demonstrated again that you are a clueless troll.

If it is so easy to trade based on "facts" why aren't you filthy rich?

Both the stock market and Bitcoin are full of "facts". But anybody with half a brain knows that markets are irrational.

You, sir, are a pitiful troll looking for attention. Probably butthurt because you didn't buy BTC at single digits.

Sorry for that, move on.

When will your peanut-sized brain understand that the Bitcoin market does not currently behave in as a complicated way as the stock market?

The stock market is a complex system that has much more variables at play than that of Bitcoin, which is governed by fewer variables making it easier (much easier in fact) to predict.

So while the value of an S&P 500 company might be subject to 100 different variables (having strong correlation with), Bitcoin might only have 4 or 5 of those variables (just to illustrate my point).

That was point number 1.

And point number 2 says the following: Facts are different than analysis, in that facts are events that already happened. FACTS are not just speculations, FACTS have a more predictable effect on the movement of things that belongs to its direct (then indirect) ecosystem. Cause-effect, ever heard of it, you dimwit?

So for example if a company has 80% of its expenses as oil (FACT) and if oil price went up by 100% in a single day (another FACT) then you'd expect the stock of that company to go down (cause-effect). How hard would it be to predict that? (I'm not sure how hard it would be for your mediocre brain but for anything below an IQ or 30 it's pretty straight forward)

I agree Cause-effect might be harder to predict in complex systems but easier in emerging, non-mature, less-complex systems like that of Bitcoin.

Now if I ask a person with an IQ above 30 what he thinks will happen to the value of a Bitcoin (given it's current state) if FACTS say that it's been given negative news in a country like China (where it had one of the biggest market share concentration)...then clearly the person above the IQ of 30 will predict that Bitcoin will go down in value.

But it seems you still have a long way to go before you reach that level of intelligence.

Now do me a favor and read all my previous comments before you come here and start trolling like a stupid maniac because I've already answered concerned similar to the ones you raised and I hate to always repeat myself.

I hope you were able to change your position as quickly as the "facts" change:

Any "facts" in a market are only temporary beliefs. Yes, the government statement happened. That is a fact. But when you apply that to a market it becomes a belief because there are other possible interpretations of the available facts. It is you who added the word "negative".

P.S. Your communication style makes you seem like a cocky asshole. Mine does too at times. I recommend spending less time on insults and more time on substance.